The S&P 500's risen a record-setting 57.5% since bottoming in March.
With today's sector analysis, Tom will show you that there are a few other sectors besides tech that have led the market's meteoric recovery.
And one stands out to him as the hottest sector of 2020, with top five stocks you can take advantage of this now…
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Stocks traded lower to start the week as investors assessed an uptick in coronavirus cases and the pace of the economic recovery.
Shares of American Airlines Group Inc. (NASDAQ: AAL) were 6% lower after the company said it was seeing an additional $3.5 billion in new financing to improve the airlines liquidity as it grapples with travel restrictions caused by the coronavirus.
Apple Inc. (NASDAQ: AAPL) dropped over the weekend after the company announced plans to shut down stores in Florida, North Carolina, South Carolina, and Arizona upon rising levels of COVID-19 in these states. But after announcing it would ditch Intel Corp. (NASDAQ: INTC) to produce its own chips, the stock rallied 2.25% today and lead markets higher.
The S&P 500 finished the day 0.5% higher, the Dow 0.4% higher, and the Nasdaq 0.9% higher.
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The Dow Jones Industrial Average will shrink back today after reports that 23 Americans have contracted coronavirus while aboard a cruise ship quarantined in Japan.
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The Dow Jones Industrial Average rocketed 200 points on positive earnings reports from Apple Inc. (NASDAQ: AAPL) and General Electric (NYSE: GE) today.
We have more details on this further down.
Also: The Federal Reserve just announced its first interest rate decision of the year.
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The Dow Jones today will gain as the market prices in 100% odds of a September Fed rate cut.
Investors are preparing for a date with the Federal Reserve in Jackson Hole, Wyoming.
The U.S. central bank will kick off its annual seminar today.
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The Dow Jones Industrial Average will rebound today as investors recover from the worst daily performance of 2019.
The Dow lost over 700 points after China was slow to stabilize its currency.
Monday’s selloff was largely fueled by speculation that China could weaponize the Yuan in order to bolster its exports and strike back at the U.S. over its latest round of tariffs.
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Here's the deal – in a sector worth $12 billion, consolidation is happening at lightning speed and offering investors opportunities for making money.
However, sometimes these takeover bids can muddy the waters and make things very difficult.
So with stakes this high, it's critical that you understand exactly what's happening in this ongoing story.
Here's Greg with all the details...
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Stocks have been up and down all year, and the Dow's given back all its year gains over the last week.
Investors want to know what they can expect in the year ahead. Unfortunately, it might not be good news.
We've found some red flags signaling a bear market in 2019...
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The Dow Jones news today features the latest report of 222,000 jobs added in June while President Trump will be meeting Russian President Vladimir Putin later today.
Dow Jones futures are up 38 points this morning.
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The Dow Jones news today will focus on the investigation into President Trump's campaign as a special counsel was appointed yesterday by the Department of Justice.
Dow Jones futures are down 88 points today after the Dow fell 372 points yesterday.
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